EDC stuck with Capco loan; CEO backed Costantino, Cicilline
By Ted Nesi
PROVIDENCE, R.I. (WPRI) – Just weeks after the epic collapse of Curt Schilling’s 38 Studios, another high-profile loan guarantee to a politically company has gone sour after being approved by the R.I. Economic Development Corporation during the final year of former Gov. Donald Carcieri’s tenure.
Tags: 38 studios, capco steel, companies, david cicilline, donald carcieri, industrial recreational building authority, IRBA, riedc, steven costantino
[...] offers a boost, even as the woes of the state Economic Development Corporation very much remain in the news. But perhaps if we’re lucky, the 38 Studios’ debacle will lead the state to drop its [...]